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Efficient real exchange rate adjustment in developing countries: alternative devaluation strategies, economic structure, and sequencing of reforms

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  • Schweickert, Rainer

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  • Schweickert, Rainer, 1991. "Efficient real exchange rate adjustment in developing countries: alternative devaluation strategies, economic structure, and sequencing of reforms," Kiel Working Papers 473, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:473
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    1. International Monetary Fund, 1987. "Theoretical Aspects of the Design of Fund-Supported Adjustment Programs," IMF Occasional Papers 1987/007, International Monetary Fund.
    2. Riccardo Faini & Jaime de Melo, 2015. "Adjustment, Investment and the Real Exchange Rate in Developing Countries," World Scientific Book Chapters, in: Developing Countries in the World Economy, chapter 6, pages 137-165, World Scientific Publishing Co. Pte. Ltd..
    3. Rudiger Dornbusch, 1991. "Credibility and Stabilization," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(3), pages 837-850.
    4. Mohsin S. Khan, 1985. "An Analytical Approach to Interest Rate Determination in Developing Countries," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 24(3-4), pages 481-495.
    5. Krugman, Paul & Taylor, Lance, 1978. "Contractionary effects of devaluation," Journal of International Economics, Elsevier, vol. 8(3), pages 445-456, August.
    6. Sweder van Wijnbergen, 1991. "Fiscal Deficits, Exchange Rate Crises and Inflation," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(1), pages 81-92.
    7. Uwe Corsepius, 1989. "Liberalisation of the capital markets in developing countries," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 24(5), pages 220-226, September.
    8. David A. Belsley, 1973. "On the Determination of Systematic Parameter Variation in the Linear Regression Model," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 2, number 4, pages 487-494, National Bureau of Economic Research, Inc.
    9. Rodrik, Dani, 1991. "Policy uncertainty and private investment in developing countries," Journal of Development Economics, Elsevier, vol. 36(2), pages 229-242, October.
    10. Sell, Friedrich L., 1988. "True exposure: The analytics of trade liberalization in a general equilibrium framework," Kiel Working Papers 312, Kiel Institute for the World Economy (IfW Kiel).
    11. W. M. Corden, 1987. "Protection and Liberalization: A Review of Analytical Issues," IMF Occasional Papers 1987/006, International Monetary Fund.
    12. Fischer, Stanley, 1986. "Issues in Medium-term Macroeconomic Adjustment," The World Bank Research Observer, World Bank, vol. 1(2), pages 163-182, July.
    13. Sebastian Edwards & Mohsin S. Khan, 1985. "Interest Rate Determination in Developing Countries: A Conceptual Framework," NBER Working Papers 1531, National Bureau of Economic Research, Inc.
    14. Edwards, Sebastian & van Wijnbergen, Sweder, 1986. "The Welfare Effects of Trade and Capital Market Liberalization," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 27(1), pages 141-148, February.
    15. Liliana Rojas-Suarez, 1987. "Devaluation and Monetary Policy in Developing Countries: A General Equilibrium Model for Economies Facing Financial Constraints," IMF Staff Papers, Palgrave Macmillan, vol. 34(3), pages 439-470, September.
    16. Jagdeep S. Bhandari, 1989. "Trade Reform under Partial Currency Convertibility: Some Suggestive Results," IMF Staff Papers, Palgrave Macmillan, vol. 36(2), pages 494-513, June.
    17. Jeffrey D. Sachs, 1987. "Trade and Exchange Rate Policies in Growth-Oriented Adjustment Programs," NBER Working Papers 2226, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Raiser, Martin, 1993. "The no-exit economy: Soft budget constraints and the causes of success or failure of economic reforms in developing countries," Kiel Working Papers 581, Kiel Institute for the World Economy (IfW Kiel).
    2. Funke, Norbert & Nunnenkamp, Peter & Schweickert, Rainer, 1992. "Brazil: Another lost decade? Domestic policies and attractiveness for foreign capital," Kiel Discussion Papers 188, Kiel Institute for the World Economy (IfW Kiel).

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